continue to weigh on views of the economy, according to the Bloomberg Nanos Canadian Confidence Index. The index, a weekly measurement of the economic mood of Canadians, fell to 58.5 in the period ended Oct. 11, from 59.0 the previous week. It marks the lowest score since the week ended Sept. 6 for the index, which tracks consumers perceptions of the strength of the economy, job security , real estate and their financial situation. A measure of attitudes about the economys prospects turned negative for the first time since August amid concern that political gridlock in the U.S. would shake markets and risk provoking a worldwide recession. Finance chiefs from the Group of 20 countries meeting in Washington last week urged U.S. lawmakers to take urgent action to end the deadlock. A failure to resolve the situation in the U.S. would have global consequences, Canadian Finance Minister Jim Flaherty told reporters Oct. 11 in Washington. The share of Canadians who believe the economy will become stronger over the next year fell to 19.9 percent last week from 21.0 percent the previous week and 22.4 percent two weeks earlier.
BlackRock Canada Launches Suite of Outcome-Oriented Balanced Mutual Funds
“This new suite of mutual funds will change the way people think about investing and put the emphasis on the asset allocation mix versus that of single stock or manager selection.” According to the Greenwich survey of Institutional Usage of ETFs released earlier this year, 62% of asset managers are using ETFs to gain exposures in the “core” portion of their portfolios and 55% are using them for either tactical adjustments or portfolio completion.1 The increasing use of ETFs reflects a broader theme evident in Canada and other markets: asset managers, and institutional investors more broadly, are turning to ETFs more regularly to achieve their investment goals and discovering new functions for them within their investment portfolios. The role of advisors is changing too, in line with these institutional trends, to focusing on providing sound advice and solutions that effectively deliver performance in market conditions where returns are lower, client expectations are higher and the impact of costs is more relevant. The BlackRock Strategic Portfolio Series is competitively priced, with Management Expense Ratios (MERs) anywhere from 0.09 – 0.75% lower than the respective fund’s corresponding category asset-weighted average, and consists of seven allocation funds across either income or risk/return-oriented outcomes as described below. The Fund may also invest directly in securities. The Fund may also invest directly in securities. The Fund may also invest directly in securities. The Fund may also invest directly in securities. The Fund may also invest directly in securities. The Fund may also invest directly in securities. The Fund may also invest directly in securities. For a complete overview of the BlackRock Strategic Portfolio Series please visit: blackrockinvestments.ca 1.